By Harry G. Shaffer

ISBN-10: 0275965783

ISBN-13: 9780275965785

ISBN-10: 0275966585

ISBN-13: 9780275966584

This ebook is a superb creation to capitalism for the lay reader. Shaffer's type is very readable, funny and nentertaining. He covers a vast diversity of themes, elevating provocative questions on how concerned govt can be in such things as healthiness care and schooling.

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And the effects were even more devastating for such oil exporting countries as Mexico or the Soviet Union. But by the mid-1990s new technology Correct Economic Policy? 17 had drastically lowered oil drilling and extraction costs in a number of countries. S. companies, for instance, now found it worth their while to explore beneath formerly impenetrable sheets of salt in the Gulf of Mexico—even at oil prices of $13 a barrel. So, did everyone benefit from that technological progress? Unfortunately not.

2 million of them. ’’ If you would like to work full-time but have only been able to secure a part-time job, you are among six and a half million Americans who didn’t make the unemployment list either, since we do not have a ‘‘partially unemployed’’ category. And because government-released unemployment figures are based primarily on home surveys, they also exclude hundreds of thousands of homeless who are looking for work but are unable to find regular employment. S. Department of Labor publishes Inflation versus Unemployment 35 every month.

There is a world of difference between the ups and downs in nonmarket economies and the business cycles in capitalist economies. Why do people experience periods of especially grave economic deprivation in non-capitalist societies? The answer has always been the same: be- 20 American Capitalism and the Changing Role of Government cause there is not enough to go around, not enough to meet their needs. There may have been a crop failure due to a frost, a flood, or a drought; there may have been an earthquake or hurricane that devastated a part of the country; there may have been a war that destroyed homes and factories; there may have been a series of human errors on the part of the planning authorities.

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American Capitalism and the Changing Role of Government by Harry G. Shaffer

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